2026-28 Clearsource Financial - Amendment 1 MFS & CAP UpdatesMEMORANDUM "a
CALIFORNIA -
DATE: February 18, 2026
TO: Jon McMillen,City Manager J�
FROM: Oscar Mojica, Deputy City Clerk
RE: Clearsource Financial Consulting - Amend 1 - User & regulatory master fee schedule & full cost allocation plan
Please list the Contracting Party Vendor Name, any change orders or amendments, and the type of services to be provided Make
sure to list any related Project No and Project Name.
Authority to execute this agreement is based upon:
Approved by City Council on Feb 2, 2021 - C6
City Manager's signing authority provided under the City's Purchasing & Contracting Policy
[Resolution No. 2023-008] for budget expenditures of $50,000 or less.
City Manager's signing authority provided under the City's Personnel Policy Section 3.2 for
temporary employment positions.
Department Director's or Manager's signing authority provided under the City's Purchasing Policy
[Resolution No. 2023-008] for budget expenditures of $15,000 and $5,000, respectively, or less.
Procurement Method (one must a
Bid ❑✓ RFP RFQ 3 written informal bids
F1Sole Source ❑ Select Source ❑ Cooperative Procurement
Requesting department shall check and attach the items below as appropriate:
IV I Agreement payment will be charged to Account No.: 101-1005-60103
!r l Agreement term: Start Date July 1, 2026 End Date June 30, 2028
1r l Amount of Agreement, Amendment, Change Order, etc.: $ 0
REMINDER: Signing authorities listed above are applicable on the aggregate Agreement amount, not individual
Amendments or Change Orders!
lr l Insurance certificates as required by the Agreement for Risk Manager approval
Approved by: Oscar Mojica (MyCoi) Date: 2/18/2026
DBonds (originals) as required by the Agreement (Performance, Payment, etc.)
Conflict of Interest Form 700 Statement of Economic Interests from Consultant(s)
NOTE: Review the "Form 700 Disclosure for Consultants" guidance to determine if a Form 700 is required pursuant
FPPC regulation 18701(2)
!r I Business License No. LIC-0099193 Expires:
F1Requisition for a Purchase Order has been prepared (Agreements over $5,000)
AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT SERVICES WITH
CLEARSOURCE FINANCIAL CONSULTING
This Amendment No. 1 ("Amendment 1") to Agreement for Contract Services
("Agreement") is made and entered into as of the 11th day of February, 2026, ("Effective
Date") by and between the City of La Quinta ("City"), a California Municipal Corporation
and Charter City organized under the Constitution and laws of the State of California with
its principal place of business at 78495 Calle Tampico, La Quinta, California 92253, and
Clearsource Financial Consulting, a California Limited Liability Corporation ("Contracting
Party").
RECITALS
WHEREAS, on or about February 1, 2021, the City and Contracting Party entered
into an Agreement to provide services related to user and regulatory master fee schedule
and full cost allocation plan updates, for a total not to exceed amount of $80,000. The
term of the Agreement expires on June 30, 2026 ("Initial Term"); and
WHEREAS, pursuant to Section 3.4 Term, the City and Contracting Party mutually
agree to extend the term of the agreement for an additional two -years from July 1, 2026,
through June 30, 2028 ("Extended Term").
NOW THEREFORE, in consideration of the mutual covenant herein contained, the
parties agree as follows:
AMENDMENT
In consideration of the foregoing Recitals and the covenants and promises
hereinafter contained, and for good and valuable consideration, the sufficiency and
receipt of which are hereby acknowledged, the parties hereto agree as follows:
1. Section 3.4 Term is amended to read as follows:
3.4 Term. Unless earlier terminated in accordance with the provisions in Article 8.0
of this Agreement, the term of this Agreement shall commence on February 1, 2021, and
terminate on June 30, 2026 ("Initial Term"). This Agreement is being extended for an
additional two-year term from July 1, 2026, through June 30, 2028 ("Extended Term").
This Agreement may not be extended any further.
In all other respects, the original Agreement shall remain in effect.
IN WITNESS WHEREOF, the City and Contracting Party have executed this
Amendment No. 1 to the Agreement on the respective dates set forth below.
CITY OF LA QUINTA
a California municipal corporation
McMILLEN, City Manager
City of La Quinta, California
Dated: Z/ZOZ�
ATTEST:
MONIKA RADE A, Ci Clerk
City of La Quinta, California
APPROVED AS TO FORM:
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
CLEARSOURCE FINANCIAL
CONSULTING
TERRY MADSEN, President
Dated: 2/18/2026